Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM City’s aspiration to become regional commercial hub

Many fees slashed to support businesses post-pandemic

The Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet after the COVID-19 pandemic.

Pandemic causes remittances to HCM City to fall by 2%

Overseas remittances to HCM City in the first four months of the year are estimated to be US$1.8 billion, a year-on-year decrease of 2 per cent, according to the State Bank of Vietnam.

Petrol firm Petrolimex reports a loss of VNĐ1.9 trillion

In the first quarter of 2019, Petrolimex recorded revenue of nearly VNĐ42 trillion and post-tax profit of nearly VNĐ1.3 trillion.

Large-caps maintain uptrend, markets extend gains in the afternoon

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange had its best daily increase since March 25, gaining 2.41 per cent to end at 782.59 points.

Deputy Minister: pork prices may stabilise by year end

The domestic pork prices could be stabilised by this year end, Deputy Minister of Industry and Trade Đỗ Thắng Hải said at a Government meeting on Tuesday in Hà Nội.

Construction on biggest data centre in Việt Nam starts

Construction on the country's the largest data centre, owned by FPT Telecom, officially started at the Hi-Tech Park in HCM City on Monday.

MoIT suggests gateway to sell local products on Amazon

Linking the local market with Amazon is suggested as a way to cope with the negative business results during the COVID-19 pandemic, said the Ministry of Industry and Trade (MoIT).

Việt Nam proposes solutions to Japan for export of lychee

The Ministry of Industry and Trade (MoIT) has proposed Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) to consider special and creative solutions solving difficulties for Viet Nam’s export of fresh lychees to Japan.

Central province lists $105 million education project

The central province has listed the International Education City (IEC) project in the 2020-25 portfolio with an investment of VNĐ2.43 trillion (US$105.6 million), serving the central and central highlands region as well as Laos and Thailand.

Việt Nam’s economy could thrive again after social distancing eased, says WB

Việt Nam’s economy may prosper again after social distancing measures were eased nationwide on April 23, according to the World Bank (WB)’s updated report on the country’s macro-economy for May released this week.

Quảng Ninh tops competitiveness index again

The Việt Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) announced the index in Ha Noi yesterday.

Online trade connection to be enhanced to promote post-pandemic exports

Online trade connections between Vietnamese firms and import partners were being increased together with trade promotion activities to accelerate post-pandemic export, Deputy Minister of Industry and Trade Đỗ Thắng Hải said.

Textile and garment exports down

Statistics showed Việt Nam's textile and garment exports in April decreased by 20 per cent compared to March

Việt Nam offers tremendous investment opportunities: VinaCapital CEO

Consumer goods, healthcare, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Việt Nam once the COVID-19 pandemic subsides, an expert has said.

No special treatment for support industries: MoF

The Ministry of Finance and the Ministry of Industry and Trade have failed to find common ground with regards to tax policies for Việt Nam’s support industry enterprises.

HCM City weighs plans for economic recovery

HCM City authorities are seeking opinions from experts and enterprises on the best ways to revive the economy, a top city official said on May 5 at a seminar.

Brokerages' outstanding loans down 14 per cent

The spread of COVID-19 has severely impacted all global stock markets, with Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange losing a third of its value in January-March

HDBank joins Contour network to improve Letters of Credit issuance

HDBank, the Vietnamese-based financial institution, on May 6 joined Contour, the open trade finance network, to increase its ability to extend trade financing to more corporates.

PV Gas to overcome pandemic in 2020: CEO

State capital management at PV Gas has recently been transferred from the Ministry of Industry and Trade to the Committee for Management of State Capital at Enterprises.